Confidence in North Sea oil and gas activity has fallen to a six-year low, highlighting an 'urgent need' for fiscal reform in the basin, according to a report published today (25 November). Aberdeen & Grampian Chamber of Commerce's (AGCC) report…
Norway-based seismic acquisition firm Spectrum has started a 3600km multi-client 2D seismic survey offshore Uruguay, South America. The new acquisition program will infill Spectrum’s survey acquired in 2013 and cover open, ultra-deep water acreage in the Oriental del Plata and Pelotas basins…
Oceaneering International has entered into a two-year charter for use of the Island Pride, a multi-service subsea support vessel owned by Island Offshore Shipping International. The vessel is expected to be available for work in the US Gulf of Mexico (GOM) in early January 2015…
China National Offshore Oil Co. (CNOOC) has begun production from the Huizhou 25-8 oilfield and Xijiang 24-3 oilfield in the South China Sea, known as the Xijiang 24-1 District joint development project. Xijiang 24-3 facility…
Brian Wynne has been named president and CEO of the Association for Unmanned Vehicle Systems International (AUVSI), succeeding the retiring Michael Toscano on 12 January 2015. Incoming AUVSI CEO & President…
Electromagnetic Geoservices ASA (EMGS) received a contract worth US$1.5 million for a research project in Brazil. The project will use 3D EM data to map shallow gas hydrates in the Pelotas basin using the EM Leader vessel. The project…
This animation from Norway's Ulstein Group details the company's new patent-pending X-Stern vessel, which upgrades the shipbuilder's popular X-Bow. The X-Stern can stay on position in harsh weather with the stern towards waves, wind and current…
Royal Niger Emerging Technologies awarded JDR Cable Systems Ltd. a contract to manufacture a 1.55km hybrid of steel tube and thermoplastic umbilical support for the West African Abo project. JDR's steel umbilical…
The Bureau of Ocean Energy Management (BOEM) and National Oceanographic Partnership Program (NOPP) partners announced the award of a broad Arctic study that will investigate the interrelationship among the physical, biological, chemical and…
Petrobras hit first oil with the floating production and storage offloading unit (FPSO) Cidade de Ilhabela in the Sapinhoá field in the pre-salt Santos basin, offshore Brazil. Cidade de Ilhabela. From BG Group…
Oil & Gas UK has published two updated sets of guidelines to help operators of floating production storage and offloading facilities (FPSOs), floating storage units (FSUs) and offtake tankers to adopt advances in industry good practice. Oil & Gas UK’s operations director…
Babcock has completed a second walk to work (W2W) contract with Total E&P UK, as part of the Elgin B and West Franklin wellhead platforms commissioning in the UK North Sea. In the seven months from March to September 2014, more than 18…
An underlying growth in global supply capacity, which is significantly outstripping demand, may mean that the world has now passed the peak price for oil, a report commissioned by Gaffney, Cline and Associates (GCA) suggests. The report…
Norwegian Energy Company (Noreco) has installed a new CEO and CFO as it looks to stablize its financial position and following the departure of CEO Svein Arild Killinland. Tommy Sundt, the firm's CFO, takes over from Killingland. Odd Arne Slettebø will replace Sundt as CFO…
Italy-focused independent exploration and production firm Sound Oil is planning to launch a takeover of fellow independent Antrim Energy by making an offer for all Antrim's listed shares. The move, which values Calgary-headquartered Antrim's issued share capital at £6…